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5. R&D Technology does not pay a dividend. It is expected to pay its first dividend of $1.50 per share in three years. This dividend

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5. R\&D Technology does not pay a dividend. It is expected to pay its first dividend of $1.50 per share in three years. This dividend will grow at 6 percent indefinitely. What is the current value of this stock with a 10 percent required return? A. $29.86 B. $30.99 C. $41.25 D. $42.79

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